Convinced to drink the poison in December, 1913.

Justin what happened in 1913 ?

                   OR


Do I want to Know ?

Many have complained about the Federal Reserve. It was ruled constitutional by the Supreme Court, so that argument cannot be used. It was established in an attempt to correct wrongs of the past, although it cannot be proven to have done so. But, none of the people who have complained have shown any other system DEMONSTRATED TO WORK.

What's constitutional is whatever five sitting supreme court justices agree on.

So,.. is having a Supreme Court unconstitutional?...

If so,... who is in charge of interpreting the constitution?...

If not,.. then you have to go by their decisions...

The Federal Reserve Act (ch. 6, 38 Stat. 251, enacted December 23, 1913, 12 U.S.C. ch.3) is the Act of Congress that created the Federal Reserve System, the central banking system of the United States of America, and granted it the legal authority to issue legal tender.


Rights of Congress

....To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;

....To make all Laws which shall be necessary and proper for carrying into Execution the foregoing Powers, and all other Powers vested by this Constitution in the Government of the United States, or in any Department or Officer thereof.

Congress passed their right/responsibility onto a private entity as they considered it "necessary and proper" to regulate the nations financial system to prevent financial "panics".
Doesnt mean it was a good idea, and theres no doubt the decision was not entirely in the average persons best interest, but it seems entirely constitutional to me.

Best I can tell, assorted courts have held that the Federal Reserve Act is constitutional. The question I have is not that, but what would the replacement be? The Federal Reserve Act was passed in the absence of a central banking system and was intended to prevent problems caused by that lack. We have had it demonstrated that the Federal Reserve System isn't perfect, and that the absence of a system isn't perfect either. So, what is the proposal to fix the problems? Preferably, a solution that has been DEMONSTRATED TO WORK somewhere.